Report ID: SQMIG45D2057
Internet of Things in Retail Market Size, Share, Growth Analysis, By Solutions(Hardware and software), By Service(Professional and managed service), By Technology(Bluetooth low energy, Near field communication, ZigBee.), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45D2057 |
Region:
Global |
Published Date: July, 2024
Pages:
242
|
Tables:
86 |
Figures:
76
Internet of Things in Retail Market Regional Insights
North America held the largest global Internet of Things in Retail Market share and accounted for a revenue share of over 33% in 2021. The expansion of e-commerce in the region has posed a challenge for department stores to excel in their commercial operations. The excellent R&D capabilities of top businesses like IBM Corporation, Google LLC, Microsoft Corporation, Intel Corporation, and PTC Inc. can also be credited with the region’s success. Google started distributing free beacons to physical establishments as part of the Project Beacon test programme.
Asia Pacific is the fastest growing region during the forecast period. Use of IoT has been most widely used in developing countries like China. Due to rising investments in the retail industry, India has enormous development potential. The regional market is anticipated to develop as real-time systems and location-based services become more widely used. The expansion of the regional retail industry is anticipated to benefit from the rise in government measures to promote digitisation. The adoption of IoT in the region is mostly driven by the convergence of technologies such as cloud, analytics, mobility, big data, and mobile.
Internet of Things in Retail Market Report Snapshots
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